Tag: Buzzing Stocks

The Indian market is likely to open higher Monday following gains in Asian peers. At 8:00 am, the SGX Nifty was trading 45.00 points or 0.33 percent higher at 13,798.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company will buy IMG Worldwide’s 50 percent stake in IMG-Reliance Ltd (IMG-R) for Rs 52.08 crore in cash.

2. Coal India: The company’s board has accorded approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (Ingot-wafer-cell-Module-and-generation)

3. Lupin: The company has received tentative approval from US FDA for generic of Jublia solution.

4. DLF: DLF Cyber City will acquire Hines’ stake in One Horizon Center for Rs 780 crore.

5. Bharat Forge: The company has made an additional investment of Rs 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH Pvt Ltd (ASPL).

6. Punjab National Bank: The bank has put up for sale three stressed accounts, including Birsa Institute of Technology (Trust), with total outstanding dues of nearly Rs 34.50 crore.

7. Vodafone Idea: The company has started using 3G spectrum for 4G services in Mumbai and claimed that customers in the metro city will get higher data speed with the refarming of spectrum. Vodafone Idea has 5 megahertz of spectrum in 2100 Mhz band which was being used for 3G services.

8. Central Bank of India: The bank will sell entire 64.4 percent stake in Cent Bank Home Finance to Centrum Housing Finance.

9. Aavas Financiers: The company’s board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis.

10. Dish TV India: The company has received a demand notice from the government for payment of Rs 4,164.05 crore, which includes licence fee and interest.

The Indian market is likely to open higher Thursday following a positive trend in the Asian peers. At 8:00 am, the SGX Nifty was trading 34.00 points or 0.25 percent higher at 13,652.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Mrs Bectors Food Specialities: The company’s shares will debut on bourses today. The final issue price has been fixed at Rs 288 per share.

2. Deepak Nitrite: India has extended anti-dumping duty on Phenol imported from South Africa by 5 years.

3. Dish TV, Den Networks, GTPL Hathway, Hathway Cable: Cabinet has approved the change in norms to allow 100 percent FDI in DTH services, saying DTH licence will be issued for 20 years and licence fee will be collected quarterly.

4. Reliance Industries: The company’s telecom arm Jio added 22.3 lakh subscribers in October as against 14.6 lakh additions in September.

5. Bharti Airtel: The company added 36.74 lakh users in October as against 37.8 lakh additions in September.

6. Vodafone Idea: The company lost 26.56 lakh users in October against the loss of 46.53 lakh users in September.

7. Vedanta: Vedanta Holdings will buy up to 4.98 percent stake in the company at an indicative price of Rs 150-160 per share.

8. Bharat Forge: Germany competition regulator Federal Cartel Office (FCO) has imposed a fine of 32 million euros (Rs 288 crore) on three local subsidiaries of Bharat Forge as part of a settlement in two separate investigations. The settlement amount is to be paid over the next five years.

9. Ambuja Cement, ACC: The Technology and Knowhow (TKH) fees have been kept at 1 percent of net sales for the next 2 year by LafargeHolcim.

10. ARSS Infrastructure Projects: The company has received order for execution of work of 4 laning of Itanagar to Banderdewa section of NH-415 on EPC mode in Arunachal Pradesh.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The Indian market is likely to open lower Wednesday on weak global cues as investors remained concerned about a new faster-spreading variant of the coronavirus. At 8:00 am, the SGX Nifty was trading 50.50 points or 0.37 percent lower at 13,432.50, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Infosys: The IT major has announced a large deal with Daimler AG, also taking over its employees in Germany, the US and APAC region.

2. Wipro: The company’s share buyback offer will open on December 29 and close on January 11. Additionally, the company has signed a strategic digital and IT deal with METRO AG.

3. Bajaj Auto: The company has signed an MoU with the Maharashtra government to set up a manufacturing unit in Chakan and will invest Rs 650 crore.

4. Mahindra & Mahindra: The company had made a commitment of Rs 680 crore worth of loans for its arm SsangYong Motor out of which Rs 408 crore of loan repayments have been missed by the arm which were due on December 14.

5. Jubilant FoodWorks: The company has introduced “The Unthinkable Pizza”, India’s first plant protein-based product.

6. Aster DM Healthcare: The company has selected Cayman Islands to set up a Clinical Excellence hub for the Western Hemisphere.

7. Punjab National Bank: Life Insurance Corporation of India increased its stake in the bank to 7.73 percent from 4.12 percent via QIP.

8. Fine Organic Industries: The Maharashtra Pollution Control Board has given notice for closure of operations at the company’s Thane Factory due to violation of air and water pollution acts.\

9. Zensar Technologies: The company has been selected by UK rural insurer NFU Mutual as strategic tech and digital services partner.

10. Forbes & Company: The company will sell Chandivali (Mumbai) land to GPX India and Equinix India for Rs 200 crore.

The Indian market is likely to open higher Tuesday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading with a gain of 147.50 points or 1.11 percent at the 13,410.50 level on the Singaporean Exchange at 7:50 am.

Here are the top 10 buzzing stocks for today:

1. SpiceJet, InterGlobe Aviation: The aviation stocks will be in focus after India suspended UK flights till December 31.

2. Hotel stocks: Indian Hotel, EIH, Kamat Hotels, among other hotel stocks will be in focus after the Maharashtra government announced Night Curfew from 11 pm to 6 am in municipal corporation areas from December 22 to January 5.

3. Tata Motors: The automobile major will increase prices of commercial vehicles starting January, due to a rise in input cost, forex impact.

4. Lupin: The pharma major has received US FDA nod for generic of Banzel oral suspension.

5. Pfizer: The European Medicines Agency has authorized Pfizer, BioNTech’s COVID vaccine in the EU.

6. NIIT Ltd: The company’s board will consider share buyback on December 24.

7. Thermax: First Energy has become a wholly-owned subsidiary of Thermax.

8. GTPL Hathway: The company has increased its shareholding in subsidiary GTPL Abhilash Communication.

9. Wendt (India): The company’s promoters will sell up to 4.74 percent stake via OFS during December 22-23 at a floor price set at Rs 2,200 per share.

10. Engineers India: The company has set the record date set as January 1 for share buyback. The company will buyback almost 7 crore shares aggregating to Rs 587 crore.

The Indian market is likely to open higher Friday tracking a positive trend in the global markets. At 8:00 am, the SGX Nifty was trading 27.50 points or 0.20 percent higher at 13,771.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Defence stocks: The Defence Acquisition Council has approved proposals to procure equipment worth Rs 28,000 crore.

2. TCS: The company’s Rs 16,000-crore share buyback offer opens today.

3. Zee Entertainment Enterprises: The board approved the acquisition of film production & distribution business as a going concern, on a slump sale basis from Zee Studios, and approved the transfer of the digital publishing business division to Rapidcube Technologies. The board also approved the appointment of Sasha Mirchandani & Vivek Mehra as independent directors.

4. BPCL: The company has approved the merger of Bharat Gas Resources with itself.

5. Dishman Carbogen: The company’s promoter will sell 4.4 percent stake in the company via offer for sale on December 18 and 21 at a set floor price of Rs 145.70 per share.

6. SpiceJet: The airline will commence 30 new domestic flights in a phased manner from December 20.

7. SBI Cards & Payment Services: The company has proposed to issue NCDs for an amount up to Rs 450 crore.

8. PVR: The company’s board will meet today to discuss fundraising.

9. IDFC: Sipadan Investments (Mauritius) sold 2.17 percent stake in IDFC during November 23-December 16, reducing total shareholding to 7.3 percent.

10. ISGEC Heavy Engineering: The company has secured a new order for Rs 431 crore.

The Indian market is likely to open on a tepid note Thursday following a mixed trend in Asian peers as investors reacted to the latest announcements from the US Federal Reserve. On the expected lines, the US central bank kept benchmark interest rates near zero. At 8:05 am, the SGX Nifty was trading 15.50 points or 0.11 percent lower at 13,670.50, indicating a flat start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Sugar stocks: The Union Cabinet has approved Rs 3,500 crore subsidy for sugar farmers and Rs 6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports.

2. Wipro: The company has completed the acquisition of 83.4 percent equity stake in Encore Theme.

3. Hero MotoCorp: The company has announced a price hike up to Rs 1,500 effective January 1, 2021.

4. L&T: The National High Speed Rail Corporation has signed the second contract agreement with the company for the Bullet train project.

5. IndusInd Bank: Promoters Hinduja Family got one month extension to subscribe to 75 percent warrants of the bank.

6. Jubilant FoodWorks: The company has launched its Biryani brand, Ekdum.

7. Motherson Sumi Systems: Fitch Ratings has revised the outlook for its subsidiary Samvardhana Motherson Automotive Systems Group B.V. to Stable from Negative.

8. Navin Fluorine: The company’s board approved a capital expenditure of Rs 195 crore for the purpose of setting up a multi-purpose plant.

9. Siti Networks: The company’s board has approved the acquisition of 51 percent equity stake in E-Net Entertainment.

10. Aster DM Healthcare: The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands – Aster Caribbean Holdings Ltd.

The Indian market is likely to open higher Wednesday following a positive trend in Asian peers. At 8:05 am, the SGX Nifty was trading 53.50 points or 0.39 percent higher at 13,632.00, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Diagnostics companies: Maharashtra has reduced the RT-PCR test for COVID-19 by Rs 280 to Rs 700.

2. Axis Bank: The bank has clarified that it has complied with its underwriting practices and approval processes for any exposure taken in relation to SREI Equipment Finance and SREI Infra Finance. SREI Group’s outstanding dues to the bank stand at Rs 800 crore.

3. Mahindra & Mahindra: The company will increase the price of its passenger and commercial vehicles, across models.

4. HDFC: The company will raise up to Rs 5,000 crore via NCDs at 4.23 percent.

5. Biocon: The company’s subsidiary Biocon Biologics has signed an MoU with CSSC in Tanzania for Mission 10 cents.

6. Punjab National Bank: The bank’s QIP opened on December 15 and the floor price has been set at Rs 37.35 per share.

7. Embassy Office Parks REIT: The company plans to raise $500 million through sale of units to institutional investors through QIP to fund its acquisition of commercial asset Embassy TechVillage in Bengaluru.

8. IDBI Bank: The bank’s QIP opened on December 15 at a set floor price of Rs 40.63 per share.

9. Union Bank of India: The bank has raised Rs 500 crore debt capital by issuing Basel III compliant bonds.

10. HG Infra Engineering: The company has been declared as L-1 bidder by IRCON International for civil work projects. The company’s bid for the project was Rs 784.99 crore.

The Indian market is likely to open on a tepid note Tuesday following a mixed trend in global peers. At 8:00 am, the SGX Nifty was trading 42.50 points or 0.31 percent lower at 13,549.00, indicating a negative start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Telecom companies: Reliance Jio Infocom has written to TRAI accusing Bharti Airtel and Vodafone Idea of resorting to unethical ways to spread rumours that Reliance stands to gain from the new farm bills. Airtel has ‘empathically’ denied the charges saying that the complaint should be thrown out with contempt while VI said that the allegations were baseless and to malign its reputation. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

2. TCS: Star Alliance has expanded its strategic partnership with TCS to deliver enhanced customer experiences.

3. Kotak Mahindra Bank: RBI has approved the re-appointment of Uday Kotak as MD & CEO of the bank for 3 years w.e.f January 1, 2021. RBI has also approved the re-appointment of Prakash Apte as part-time Chairman and Dipak Gupta as Joint MD of the bank for 3 years.

4. BPCL: The evaluation committee on the BPCL strategic stake sale will meet today to evaluate the 3 expressions of interest (EoI) received from Vedanta, Apollo Global, and Think Gas.

5. NMDC: The company’s share buyback will open on December 17 and close on December 31.

6. DHFL: US-based Oaktree Capital Management has outbid rivals Piramal and Adani Group to emerge as the highest bidder for DHFL, sources said. Oaktree Capital has bid Rs 32,646 crore for DHFL.

7. Burger King India: Basant Maheshwari Wealth Advisers LLP has purchased 24.31 lakh equity shares of the company at a price of Rs 112.79 per share. Valiant Mauritius Partners has bought 25 lakh shares at a price of 130 per share.

8. Bank of Maharashtra: The bank has successfully raised capital of Rs 200.70 crore through a private placement of BASEL III- compliant Tier II bonds.

9. Siemens: The company will provide advanced marine solutions for 23 electric boats of Cochin Shipyard. Cochin Shipyard is building these boats to strengthen Kochi Metro Rail’s last mile connectivity for islands around Kochi.

10. Indian Bank: The lender has raised Rs 560 crore by issuing Basel III compliant bonds on a private placement basis.

The Indian market is likely to open higher Monday following gains in Asian peers amid positive global cues as coronavirus vaccines cheered risk sentiment. At 8:15 am, the SGX Nifty was trading 52.50 points or 0.39 percent higher at 13,586.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. Burger King: The company’s shares will be listed today on exchanges after its Rs 810-crore public issue was subscribed 156.65 times, the second-highest in 2020.

2. Pfizer: USFDA has issued emergency authorization to Pfizer BioNTech COVID-19 vaccine.

3. UPL: The company has denied reports of SEBI initiating a forensic audit with respect to the whistleblower complaint. UPL has asked SEBI to inquire about this and similar malicious reporting in the last few months.

4. Cipla: The company has settled litigation with Celgene Corporation.

5. United Breweries Ltd: CCI will consider action based on its probe into allegations of beer price cartelization. The top executives of Carlsberg, SABMiller and UBL will be summoned soon by CCI.

6. Central Bank of India: The Capital Raising Committee of the bank has approved the proposal for raising capital funds up to Rs 500 crore.

7. Jindal Steel & Power: The company reported a growth of 15 percent in standalone steel production at 614,000 tonnes in November 2020 versus 533,000 tonnes in a year-ago period.

8. Union Bank of India: The bank is issuing bonds of maximum of Rs 1,500 crore on a private placement basis.

9. KEC International: The company has secured new orders of Rs 1,438 crore across segments.

10. Astral Poly Technik: The company has commenced plastic water tank manufacturing from the Aurangabad unit.

The Indian market is likely to open higher Friday amid a mixed trend in Asian peers. At 8:00 am, the SGX Nifty was trading 38.50 points or 0.28 percent higher at 13,563.50, indicating a positive start for the Sensex and Nifty50.

Here are the top 10 buzzing stocks for today:

1. TCS: The company has expanded its presence in Texas with a new facility in Austin.

2. Kotak Mahindra Bank: The RBI has restricted the bank from paying out dividends on PNCPS as well.

3. HDFC: The mortgage lender has raised Rs 2,000 crore via a 2-year bond at a 4.50% coupon.

4. Indian Oil Corporation: All the refineries of IOC operated at 100 percent capacity in November, up from 88.1 percent in October month and 98.6 percent in the same period last year.

5. HDFC Bank: The RBI has imposed a monetary penalty of Rs 10 lacs on the bank for bouncing of SGL which lead to a shortage of balance in certain securities in the bank’s CSGL account on November 19, 2020.

6. UPL: The company’s management has denied the whistleblower’s allegation of money siphoning by promoters and said that the issues were closed in 2017.

7, Bank of Baroda: The bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e. f. December 12, 2020.

8. TVS Motor Company: Members of the TVS family have agreed to subscribe to the terms of a memorandum of family arrangement to align and synchronize the ownership of shares in various group companies.

9. Canara Bank: The bank has approved the issue price at Rs 103.50 per share for its qualified institutional placement (QIP) to raise Rs 2,000 crore

10. SpiceJet: The airliner has partnered with Om Logistics Ltd to provide seamless end-to-end cold chain solutions for COVID-19 vaccine delivery.